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ABC News: 1st census numbers released, setting up contentious redistricting cycle


My quick reaction: This result, although not unexpected, reinforces my view that the odds strongly favor the GOP in the 2022 mid-term elections. What does this mean for the US economy and the financial market? Even if the GOP only manages to regain control of the House, it is reasonable to assume that 2023 will bring sharp fiscal tightening and a sharp economic slowdown as the game of fiscal brinksmanship returns. In the short-term, the prospect of losing legislative control in 2022 would persuade the Democrats to push through aggressive and difficult-to-reverse redistributive policies ahead of the mid-term.


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